No Code Website BuilderKINGSTON, JAMAICA – The Independent Fiscal Commission (IFC) has released its Statement on Fiscal Performance (SFP) for FY 2025/26. Despite the monumental economic shock from Hurricane Melissa, which caused damage estimated at J$2T (56.7% of 2024 GDP) and triggered suspension of the fiscal rules, Jamaica’s macroeconomic pillars remain sound. Key macroeconomic outcomes were better than the post hurricane forecasts. However, the IFC emphasizes that elevated macro fiscal risks, primarily from escalating geopolitical tensions, warrants the Government of Jamaica recasting the budget projections and developing alternative macroeconomic scenarios – baseline, upside and downside –to enhance policy preparedness and fiscal planning.
KINGSTON, JAMAICA: The Independent Fiscal Commission (IFC) welcomes the engagement by the Minister of Finance and the Public Service of the Commission’s latest Economic and Fiscal Assessment Report (EFAR). The IFC notes in particular the Minister’s critique of its expressed concerns regarding the GDP Deflator that informed the Budget projections. While the Commission values constructive dialogue, which will serve to improve the quality of fiscal governance, it is reiterating its call for a useful update of the Government’s macroeconomic and fiscal projections, to reflect more current data that are
available.
KINGSTON, Jamaica — The Independent Fiscal Commission (IFC) observed discussions during the sitting of Parliament’s Standing Finance Committee on Thursday, March 5, 2026. The discussions revealed obvious unawareness and
misunderstandings by some Parliamentarians, regarding the Commission’s authority to publish its Economic and Fiscal Assessment Report (EFAR) ahead of it being tabled in the House. Consequently, Fiscal Commissioner, Mr. Courtney H. Williams, considers it critical to apprise the public that the Independent Fiscal Commission Act (IFCA), 2021, clearly empowers the Commissioner to share any of his reports publicly through the Commission’s website, once the report has been submitted to Parliament.
KINGSTON, Jamaica - The Independent Fiscal Commission (IFC) has today released its Economic and Fiscal Assessment Report (EFAR), providing an independent evaluation of the Government of Jamaica’s (GOJ) fiscal position, and macroeconomic projections for the 2026/27 fiscal year and the medium term.
KINGSTON, Jamaica – Following its first full year of operations, the Independent Fiscal Commission (IFC) has released a strategic retrospective titled "Independence is Our Strength: Reflecting on a Year of Fiscal Vigilance". Published today in The Gleaner (Section B6), the op-ed outlines the Commission’s evolution into a permanent, non-partisan pillar of Jamaica’s economic framework.
KINGSTON, JAMAICA – The Independent Fiscal Commission (IFC) has today released its January 2026 Economic and Fiscal Assessment Report (EFAR), providing a preliminary evaluation of Jamaica’s fiscal trajectory following the devastating impact of Hurricane Melissa. The report highlights that, while Jamaica continued a fiscally sustainable path up to September 2025, the Category 5 hurricane necessitated a temporary suspension of the fiscal rules to facilitate national relief, recovery and reconstruction.
KINGSTON, Jamaica – The Independent Fiscal Commission (IFC) is proud to announce the launch of its first anniversary commemoration, marking one year since becoming fully operational on January 1, 2025. To celebrate this milestone, the Commission has unveiled a year-long roadmap for 2026, themed "A Year of Fiscal Vigilance".
Kingston, Jamaica — The Independent Fiscal Commission (IFC) has validated the Government of Jamaica’s (GOJ) decision to temporarily suspend the country’s fiscal rules following the severe economic and social impact of Hurricane Melissa, which made landfall on October 28, 2025.
KINGSTON, JAMAICA: The Independent Fiscal Commission (IFC) welcomes the engagement by the Minister of Finance and the Public Service of the Commission’s latest Economic and Fiscal Assessment Report (EFAR). The IFC notes in particular the Minister’s critique of its expressed concerns regarding the GDP Deflator that informed the Budget projections. While the Commission values constructive dialogue, which will serve to improve the quality of fiscal governance, it is reiterating its call for a useful update of the Government’s macroeconomic and fiscal projections, to reflect more current data that are
available.
Kingston, Jamaica – The Independent Fiscal Commission (IFC) today released its Statement on Fiscal Performance (SFP) report (www.ifc.gov.jm), providing an assessment of the Government of Jamaica’s (GOJ) achievement of the budget and fiscal targets as at end-June 2025, as required under the IFC Act.
Kingston, Jamaica — Fiscal Commissioner, Mr. Courtney H. Williams has today provided clarity on the scope of the Independent Fiscal Commission’s (IFC) mandate in reviewing the Government of Jamaica’s (GOJ) fiscal policy. His remarks reaffirm the Commission’s role under the Independent Fiscal Commission (IFC) Act, 2021, which governs the Commission’s operations. Section 13 (3) of the IFC Act states “In carrying out the functions of the Fiscal Commissioner, under subsection (2), the Fiscal Commissioner shall only have regards to the policies of the Government in this regard and shall not consider any alternative policies”. Read More.
Kingston, Jamaica — Courtney H. Williams, Fiscal Commissioner of the Independent Fiscal Commission (IFC) of Jamaica, participated in a high-level conference on fiscal governance in Santiago, Chile (June 3-4, 2025). Commissioner Williams was invited to join a distinguished five-member panel to discuss “Fiscal Council Challenges in the Region” under the broader theme; “Navigating Fiscal Challenges: Strengthening Fiscal Rules and Councils in LAC”.
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